Williams shares up after closing final major asset sale
Thursday, July 29th 2004, 12:04 pm
By: News On 6
TULSA, Okla. (AP) -- Shares of Williams Companies rose Thursday.
Williams announced Wednesday night that it had closed sales of three natural gas plants to Inter Pipeline Fund. The plants sold for $536-million in cash.
This was Williams' last major sale of assets. In the past two years, the company has transformed itself from a fully integrated, diversified energy company to a company focusing on finding, producing, transporting and processing natural gas.
Williams narrowly avoided bankruptcy in August 2002.